• BT financed companies with 19.8 billion lei and individuals with 8.2 billion lei.
• The bank granted over 260,000 loans last year and reached over 1.14 million loans outstanding.
• BT was the largest partner in government programs launched in 2022, with a total funded value of over 3.3 billion lei.
• The number of active customers continued to increase: more than 3.9 million customers work with BT, of which 3.5 million are individuals and 400,000 are companies.
• Throughout 2022, the profit tax paid by BT to the state amounts to over 1% of the total profit tax collected by the state from companies in Romania.
• Total taxes and duties paid by Banca Transilvania in the year 2022 exceed 1.1 billion lei.

It was a very complicated year, marked by the war in Ukraine and multiple uncertainties on the economic front, generated by inflation and the energy crisis. Despite this difficult context, Romania's economy has navigated this period well. As far as we are concerned, we continued to be the largest financier in Romania and the biggest partner of the government programs launched in 2022. We also continued to invest in technology, digitization, and infrastructure and consolidated the position of the bank and the BT Group in the local market. The financial results confirm our expectations and are the basis for ambitious plans for the future. We are attentive and concerned about geopolitical and macroeconomic events, but at the same time open to potential opportunities , states Horia Ciorcilă, Chairman of the Board of Directors, Transilvania Bank.

AssetsThe Financial Group BT reached at the end of last year 140.5 billion lei. Credits have increased to 68 billion lei, and the warehouses have reached 119.7 billion lei, of which 79.9 billion lei belong to individual clients, and 39.85 billion lei to legal entities. Net profit consolidated of the BT Financial Group is 2,488.4 million lei, of which that of the bank is 2,178 million lei. Operating profit the bank's has increased to 2,698.7 million lei. Operational efficiency the bank, reflected by the cost/income ratio, was maintained at the comfortable level of 49.7% due to good cost management and efficiency through process digitalization.

The bank's management will propose to the Board of Directors an allocation of the profit related to 2022 for the capitalization of the bank in the amount of over 900 million lei, the rest being allocated to the establishment of reserves from the retained earnings. The proposal is in line with the prudential recommendations of the National Macroprudential Oversight Committee and the National Bank of Romania, considering the volatile international context and internal challenges. Thus, the profit related to the year 2022 is used to support lending and the development of the Romanian economy in the coming period.

BT consistently financed the population and companies

• Over 12,000 Romanians have purchased a home with the help of BT, the amount granted being over 3.6 billion lei. The balance of mortgage/real estate loans is 17 billion lei.
• Over 100,000 consumer loans, of approximately 3.8 billion lei, were granted last year. The balance of these loans reached 9.6 billion lei.
• The bank granted over 16,000 new loans, amounting to 4.5 billion lei, for approximately 16,300 SME & Micro clients.
• The SME loan portfolio reached 22.5 billion lei.
• The number of new loans granted by the bank increased by almost 10% in 2022 compared to 2021, the largest increase being recorded in the Large Corporate segment, where the number of financings increased by 48%.
• The credit balance increased by over 21%, of which a significant increase, of over 30%, is the balance of loans for companies. More than half of the increases were generated by working capital loans. Regarding financing for the population, the loan volume is +8%.

  
  

Other financial information

The non-performing exposures rate is 2.44% as of December 31, 2022, while the coverage degree with total provisions of non-performing exposures is 195%. BT's solvency, including profit, is 21.62%, and without the profit related to the year 2022, it is 19.26%.

Financial Group Banca Transilvania, steps towards consolidation

• Leadership in asset management: BT Asset Management became the largest mutual fund manager in Romania.
• First steps to building the first 100% digital bank in Romania around Idea::Bank, part of the BT Group, acquired in 2021.
• Strategic move in the auto market:during the past year integration took place Țiriac Leasing and Idea::Leasing in the BT Group. BT Leasing and Țiriac Leasing became a single company, BT Leasing, in January 2023.

  
  

Last year, the BT Board of Directors 2022 – 2026 began its mandate, and under its coordination, the Banca Transilvania Financial Group aims to be the leader in all activity segments, organic growth, new acquisitions, continued digitalization, and increased synergy between its companies.